VEEVA SYSTEMS INC (VEEV)

Veeva Systems is the leading provider of industry cloud solutions for the global life sciences industry, offering cloud software, data, and business consulting services designed for the strategic needs of pharmaceutical, biotechnology, and medical device and diagnostics companies across their research and development (R&D) and commercialization functions. Its offerings are organized into two major product families: Veeva Development Cloud, which includes application suites for clinical, regulatory, quality, and safety functions—such as Veeva Vault Clinical, Veeva Clinical Data Management Suite (CDMS), Veeva Clinical Operations Suite, Veeva Vault RIM, Veeva Vault Safety, and Veeva Vault Quality—all built on its proprietary Veeva Vault platform to streamline end-to-end product development and regulatory compliance; and Veeva Commercial Cloud, which supports sales, medical affairs, and marketing functions through software like Veeva CRM, Veeva Vault PromoMats, Veeva Vault Medical, and Veeva Crossix, along with data offerings including Veeva OpenData, Veeva Link, and Veeva Compass that provide healthcare provider and patient data for customer engagement and analytics. The company also extends its content and data management capabilities to the consumer products and chemical (CP&C) industries through applications such as Veeva QualityOne, Veeva RegulatoryOne, and Veeva Claims.

Beyond software, Veeva provides strategic consulting through Veeva Consulting and professional services including implementation, systems integration, training, and managed services, often working alongside systems integrator partners like Accenture, Cognizant, and Tata Consultancy Services. As of January 31, 2023, Veeva served 1,388 customers, ranging from large global pharmaceutical and biotechnology companies such as Bayer, Boehringer Ingelheim, Eli Lilly, Gilead Sciences, Merck Sharp & Dohme, and Novartis, to emerging growth companies like Alkermes, Alnylam Pharmaceuticals, bluebird bio, Idorsia Pharmaceuticals, and Moderna, as well as contract sales and contract research organizations and companies in the CP&C industries. Veeva operates as a Delaware public benefit corporation, with a stated purpose of providing products and services that help make the industries it serves more productive while creating high-quality employment opportunities, and it competes in a global, rapidly evolving market against companies including IQVIA, Oracle, OpenText, Dassault Systèmes, Honeywell, Microsoft, Salesforce, and other specialized or legacy software providers.